[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 654.

PhantomPhreak

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Counterparty Chief Scientist and Co-Founder

Quote from: wizzardTim on January 04, 2014, 09:48:12 AM

So only qt in windows, right?

Too bad cause i dont have space for the whole blockchain.

Would be greatly appreciated if you provided us another option, before minimizing the reward.

Thanks

You shouldn't actually need to download a complete copy of the blockchain in order to burn. You should be able to pass counterpartyd the flag --force and, as long as Bitcoind is running with the correct options, it will ignore the fact that it hasn't caught up with the network yet.

PhantomPhreak

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Counterparty Chief Scientist and Co-Founder

Quote from: bitcoinrocks on January 04, 2014, 09:39:20 AM

How is the price determined?

Right now, XCP are being rewarded to those that burn BTC at a price between 1500 XCP/BTC and 1000 XCP/BTC. The exact formula is:
XCP_EARNED = BTC_BURNED * (1000 * (1 + .5 * ((END_BLOCK - CURRENT_BLOCK) / (END_BLOCK - START_BLOCK))

reader31

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Just woke up...wanted to test if the burn is going through now...After rebuilding counterpartyd, the burn still fails with this message,

Quote

Burn did *not* appear to be successful. Full output from Eligius:

Eligius - Push Transaction


Trying to send...
array(3) {
  ["result"]=>
  NULL
  ["error"]=>
  array(2) {
    ["code"]=>
    int(-22)
    ["message"]=>
    string(11) "TX rejected"
  }
  ["id"]=>
  string(1) "1"
}
Response = 0

false

I assume this is still being worked on?

Didnt mean to hurry u guys...just want to make sure I can get going as soon as the update is working. Thx for being so responsive...I'm already beginning to like this team

PhantomPhreak

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Counterparty Chief Scientist and Co-Founder

Quote from: xibeijan on January 04, 2014, 09:42:49 AM

Umm... I can get counterpartyd running myself, no problem.

However, your posts have confused me.

I have bitcoind running, as you previously specified.

Can you please summarise what is the current procedure for burring BTC to get XCP on the main net?

Thanks!

Oh, I misunderstood. The instructions are in the second post in this thread. Are they not clear enough?

wizzardTim

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Reality is stranger than fiction

Quote from: PhantomPhreak on January 04, 2014, 09:45:38 AM

Quote from: wizzardTim on January 04, 2014, 09:35:23 AM

So we cannot use MultiBit client?

Sorry, no.

So only qt in windows, right?

Too bad cause i dont have space for the whole blockchain.

Would be greatly appreciated if you provided us another option, before minimizing the reward.

Thanks

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Quote from: wizzardTim on January 04, 2014, 09:35:23 AM

So we cannot use MultiBit client?

Sorry, no.

xibeijan

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Quote from: PhantomPhreak on January 04, 2014, 09:31:30 AM

Quote from: xibeijan on January 04, 2014, 09:22:15 AM

Sorry, I'm totally confused now.

Can you please post the complete steps and requirements for burning?

I would like to give it a go!

I'm sorry, but it's too dangerous to accept burns from just any ol' client: counterpartyd is extremely strict when it comes to how it constructs its transactions so there is no ambiguity in how any given transaction should be interpreted. I would really like to avoid facing the problems that other projects have come up against that are a consequence of having a poorly defined protocol. The Counterparty team is working hard on getting some trusted members of the community on board who would be willing to buy XCP on your behalf. For now, if you can't get counterpartyd running yourself, you'll have to wait to invest.

Umm... I can get counterpartyd running myself, no problem.

However, your posts have confused me.

I have bitcoind running, as you previously specified.

Can you please summarise what is the current procedure for burring BTC to get XCP on the main net?

Thanks!

bitcoinrocks

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How is the price determined?

wizzardTim

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Reality is stranger than fiction

So we cannot use MultiBit client?

PhantomPhreak

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Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Quote from: xibeijan on January 04, 2014, 09:22:15 AM

Sorry, I'm totally confused now.

Can you please post the complete steps and requirements for burning?

I would like to give it a go!

I'm sorry, but it's too dangerous to accept burns from just any ol' client: counterpartyd is extremely strict when it comes to how it constructs its transactions so there is no ambiguity in how any given transaction should be interpreted. I would really like to avoid facing the problems that other projects have come up against that are a consequence of having a poorly defined protocol. The Counterparty team is working hard on getting some trusted members of the community on board who would be willing to buy XCP on your behalf. For now, if you can't get counterpartyd running yourself, you'll have to wait to invest.

xibeijan

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Quote from: PhantomPhreak on January 04, 2014, 09:09:19 AM

Quote from: xibeijan on January 04, 2014, 09:02:24 AM

Quote from: ?? on ??

Quote from: mtbitcoin on January 04, 2014, 08:49:24 AM

Quote from: PhantomPhreak on January 04, 2014, 08:39:17 AM

Important update: Now you can use any Bitcoin client to burn BTC for XCP. Just send BTC to the unspendable addresses '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' (mainnet) and 'mvCounterpartyXXXXXXXXXXXXXXW24Hef' (testnet). Be careful not to try to burn more than 1 BTC per address. If you do, your last attempted burn will be completely invalid.

Hi PhantonPhreak

Can you clarify on the above? Do you mean that "counterpartyd.py" will now work with any Bitcoin client or are you saying that we can just send coins to the exodus address '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' from a client that we have control for?

Cheers

The latter.

So,

Do we need to make sure the coins are sent from a single address still?

Also, do we need

txindex=1
server=1

Anymore?

Can I burn from the MultiBit bitcoin client?

Thanks.

I've disabled that feature for now, as it opens up a whole can of worms. (How can Bitcoind still not have coin control?!)

EDIT: Seriously, though, sorry for the mixed messages. I was being overeager.

Sorry, I'm totally confused now.

Can you please post the complete steps and requirements for burning?

I would like to give it a go!

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Quote from: xibeijan on January 04, 2014, 09:02:24 AM

Quote from: ?? on ??

Quote from: mtbitcoin on January 04, 2014, 08:49:24 AM

Quote from: PhantomPhreak on January 04, 2014, 08:39:17 AM

Important update: Now you can use any Bitcoin client to burn BTC for XCP. Just send BTC to the unspendable addresses '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' (mainnet) and 'mvCounterpartyXXXXXXXXXXXXXXW24Hef' (testnet). Be careful not to try to burn more than 1 BTC per address. If you do, your last attempted burn will be completely invalid.

Hi PhantonPhreak

Can you clarify on the above? Do you mean that "counterpartyd.py" will now work with any Bitcoin client or are you saying that we can just send coins to the exodus address '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' from a client that we have control for?

Cheers

The latter.

So,

Do we need to make sure the coins are sent from a single address still?

Also, do we need

txindex=1
server=1

Anymore?

Can I burn from the MultiBit bitcoin client?

Thanks.

I've disabled that feature for now, as it opens up a whole can of worms. (How can Bitcoind still not have coin control?!)

EDIT: Seriously, though, sorry for the mixed messages. I was being overeager.

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: ?? on ??

Quote from: mtbitcoin on January 04, 2014, 08:49:24 AM

Quote from: PhantomPhreak on January 04, 2014, 08:39:17 AM

Important update: Now you can use any Bitcoin client to burn BTC for XCP. Just send BTC to the unspendable addresses '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' (mainnet) and 'mvCounterpartyXXXXXXXXXXXXXXW24Hef' (testnet). Be careful not to try to burn more than 1 BTC per address. If you do, your last attempted burn will be completely invalid.

Hi PhantonPhreak

Can you clarify on the above? Do you mean that "counterpartyd.py" will now work with any Bitcoin client or are you saying that we can just send coins to the exodus address '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' from a client that we have control for?

Cheers

The latter.

So,

Do we need to make sure the coins are sent from a single address still?

Also, do we need

txindex=1
server=1

Anymore?

Can I burn from the MultiBit bitcoin client?

Thanks.

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Quote from: mtbitcoin on January 04, 2014, 08:49:24 AM

Quote from: PhantomPhreak on January 04, 2014, 08:39:17 AM

Important update: Now you can use any Bitcoin client to burn BTC for XCP. Just send BTC to the unspendable addresses '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' (mainnet) and 'mvCounterpartyXXXXXXXXXXXXXXW24Hef' (testnet). Be careful not to try to burn more than 1 BTC per address. If you do, your last attempted burn will be completely invalid.

Hi PhantonPhreak

Can you clarify on the above? Do you mean that "counterpartyd.py" will now work with any Bitcoin client or are you saying that we can just send coins to the exodus address '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' from a client that we have control for?

If this applies to the bitcoin QT client, isn't it possible that the coins can come from multiple addresses and as the client lack "coin control"?

Cheers

Yes, I was just realising that. I'll disable the feature for now.

mtbitcoin

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Etherscan.io

Quote from: PhantomPhreak on January 04, 2014, 08:39:17 AM

Important update: Now you can use any Bitcoin client to burn BTC for XCP. Just send BTC to the unspendable addresses '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' (mainnet) and 'mvCounterpartyXXXXXXXXXXXXXXW24Hef' (testnet). Be careful not to try to burn more than 1 BTC per address. If you do, your last attempted burn will be completely invalid.

Hi PhantonPhreak

Can you clarify on the above? Do you mean that "counterpartyd.py" will now work with any Bitcoin client or are you saying that we can just send coins to the exodus address '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' from a client that we have control for?

If this applies to the bitcoin QT client, isn't it possible that the coins can come from multiple addresses and as the client lack "coin control"?

Cheers

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Important update: Now you can use any Bitcoin client to burn BTC for XCP.[/b] Just send BTC to the unspendable addresses '1CounterpartyXXXXXXXXXXXXXXXUWLpVr' (mainnet) and 'mvCounterpartyXXXXXXXXXXXXXXW24Hef' (testnet). Be careful not to try to burn more than 1 BTC per address. If you do, your last attempted burn will be completely invalid.

EDIT: Right now you should still only use counterpartyd to burn.

xibeijan

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Quote from: becherovka on January 02, 2014, 01:28:49 PM

Quote from: xibeijan on January 02, 2014, 01:24:47 PM

How does XCP compare with MSC?

Two different projects with different approaches.

Please elaborate.

wizzardTim

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Reality is stranger than fiction

Quote from: Eriul_Pow on January 04, 2014, 06:35:54 AM

Quote from: cityglut on January 03, 2014, 07:10:08 PM

Quote from: klee on January 03, 2014, 05:55:19 PM

@Developers - Can I send BTC to you and burn them for me?
I want to get in ASAP and it is a bit unfair for me as a mac user - I trust that when you will have a working client you will send the XCP back to me!

klee, I PMed you.

I'd like to do the same, being a Mac user as well. Tongue

Thx in advance.

I would also like to do the same. I am a windows user - but have not free space for QT (old pc). Is there a way to send bitcoins to you?

PhantomPhreak

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Counterparty Chief Scientist and Co-Founder

Quote from: reader31 on January 03, 2014, 11:03:02 PM

Quote

Is this expected or should I be seeing my btc balance in my account 1CrmTo7Rtk6keeBHbN93B3tAMCm31sG5Tc in the above display(I have 0.011 btc balance in this address)?

Thx.

The address command doesn't show BTC balances. (Bitcoind won't provide them for arbitrary addresses!)

Eriul_Pow

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Quote from: cityglut on January 03, 2014, 07:10:08 PM

Quote from: klee on January 03, 2014, 05:55:19 PM

@Developers - Can I send BTC to you and burn them for me?
I want to get in ASAP and it is a bit unfair for me as a mac user - I trust that when you will have a working client you will send the XCP back to me!

klee, I PMed you.

I'd like to do the same, being a Mac user as well. Tongue

Thx in advance.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 654. (Read 1276782 times)